All clear. There is final data on Poland’s GDP for 2023

According to the revised estimate, gross domestic product (PKB) in 2023 it increased by 0.1% in real terms. compared to 2022. The result has changed compared to the one published on April 18, 2024 by -0.1 points. percent,” he said UNTIL.

The Office for Central Statistics revised the data for 2022 to 5.3%. has changed so far +5.6% compared to yesterday estimated in April.

“Today’s information from the Office of Central Statistics on the revision of GDP for the whole year 2023 does not add much to what is happening in the economy. However, it is worth noting that instead of 0.2% , real GDP increased by 0.1%. We came close to stagnation” – writes Mariusz Zielonka, economic expert of the Lewiatan Confederation,

Bank Pekao economists point that out The Polish economy is a little smaller than we previously expected.

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“The main reason for the review is the weakness of investments (not only in 2022) – we assume that the enterprises are the smallest. Spending fell in 2023 “only” by 0.3% (instead of -1%) – in the quarterly data we will probably see a very low and lower gap as today,” we read in the statement by experts Banki Pekao.

“This is not good news for the Monetary Policy Council: lower investments mean lower economic capacity, but the consumption gap will be smaller. I wonder if this explains the rebound in core inflation in middle of this year,” Pekao economists said.